Binance SHUT DOWN? Binance denies it’s being shut down in Japan. CEO Refutes Financial Watchdog Warning Reports. Changpeng Zhao has since hit out at the reports, however, saying the firm is in dialogue with the regulator.
The CEO of Binance, currently the world’s largest cryptocurrency exchange by trading volume. Has hit back at reports that the exchange is to receive a warning from Japan’s financial regulator over its operations in the country.
According to a report from Nikkei on Thursday that is being widely cited. The country’s Financial Services Agency (FSA) may be about to order the Hong Kong-based firm to cease offering services in the country since it is not registered with the regulator.
The report said the FSA is concerned that the company’s operations may pose a risk to the country’s investors. And may lodge criminal charges with the police authorities if Binance does not comply with the registration mandate.